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September 24, 2013 at 05:50 AM
Philanthropists around the world want to alleviate global poverty, and according to a new study, the most effective approach may entail coordination of efforts.
Forbes Insight, supported by Credit Suisse, surveyed 317 individuals with investable assets of $1 million or more, exploring the question of how a philanthropist can best help mitigate global poverty.
Seventy-three percent of philanthropists said they wanted to see pattern changes at the highest levels, as they seek to affect international or government policies at the onset of their giving.
A problem as huge as global poverty can be addressed only by systemic change rather that specific projects, they said. Fifty-seven percent agreed that wealth creation, understood as economic growth that benefits most of society, was an effective means to alleviate or eradicate poverty.
Nearly half of survey respondents agreed that too many organizations within the non-profit sector overlapped.
Although many individual donors wanted to make their own imprint, the most effective approach for a philanthropist tackling global poverty may be to join forces with other experienced philanthropists or organizations or to seed the initiatives of others.
